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Singapore’s current account surplus narrowed to SGD 33.39 billion in the third quarter of 2025, down from SGD 33.89 billion in the same period of 2024. It was the smallest surplus since Q4 2024, as the goods account surplus fell to SGD 46.95 billion from SGD 48.18 billion a year earlier, amid a decline in exports, while the secondary income deficit widened to SGD 3.84 billion from SGD 3.25 billion. However, the services account surplus rose slightly to SGD 17.54 billion from SGD 17.38 billion. Meanwhile, the primary income deficit narrowed to SGD 27.27 billion from SGD 28.42 billion over the same period. Last year, the country posted a current account surplus of SGD 128.30 billion.